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Jul 28, 2011
07/11
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but it still comes down to one big question. who is going to blink? will the president accept another r te on the debt limit before the next election or will the republicans accept another way to guarantee the cuts? and both sides are counting on the other side blinking. that is not determined yet. >> so, this is going to go on. they are really testing the nerves of the american people. >> reporter: absolutely. through the whole weekend. for the first time, i heard some talk of trying to pass a short-term extension to the debt ceiling, two days, three daya week to get more negotiations. >> okay, george, thank you. and i know, of course, the nerves are also being tested of the stock market, which delivered a warning about the debt standoff. investors beginning to send a message. the dow industrials dropping almost 200 points today, down 378 in the past three days. abc's jim avila on that story again tonight. >> reporter: the market is telling washington it is losing faith. a steady erosion of stock prices, loudly warning a costly crash coululbe on the
but it still comes down to one big question. who is going to blink? will the president accept another r te on the debt limit before the next election or will the republicans accept another way to guarantee the cuts? and both sides are counting on the other side blinking. that is not determined yet. >> so, this is going to go on. they are really testing the nerves of the american people. >> reporter: absolutely. through the whole weekend. for the first time, i heard some talk of...
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309
Jul 29, 2011
07/11
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KGO
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a big tropical storm named don. the lone star state is in the throes of an historic drought and cannot wait for don to arrive. the storm is moving through the gulf of mexico, as you can see, expected to reach southeast texas late tomorrow or saturday with plenty of rain, but not expected to become a hurricane. and abc's matt gutman is in victoria, texas, tonight. tells us about it, matt. reporter: hey, diane. well this tropical storm and the rain it will bring couldn't come at a better time for the folks here. these soybean plans would normally be chest high at this time of the year. instead, the cracks in the soil here are about waist deep. 30 inches down. now, this entire state, almost every inch of it, locked in this devastating drought. grasshoppers are swarming here, huge plumes of them. the rain helps checkckheir population. but the drought has kept them thriving. this mountain lion, parched with thirst, was caught loooong for water in a downtown el paso car wash. and this drought is also disrupting these bats
a big tropical storm named don. the lone star state is in the throes of an historic drought and cannot wait for don to arrive. the storm is moving through the gulf of mexico, as you can see, expected to reach southeast texas late tomorrow or saturday with plenty of rain, but not expected to become a hurricane. and abc's matt gutman is in victoria, texas, tonight. tells us about it, matt. reporter: hey, diane. well this tropical storm and the rain it will bring couldn't come at a better time for...
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251
Jul 19, 2011
07/11
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KGO
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eye 251
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and one big message was delivered today. the markets, the dow dropped almost 100 points, as worried investors pulled out. they're watching that clock, you see, right there, ticking down to the august 2nd deadline for a debt deal. and in another scramble for safety, people are rushing to invest in gold. prices up as never seen before. here's abc's john berman. >> reporter: the partisanship, politicking and lack of progress in washington might already be taking a toll on your personal bank account and 40101 the stock drop today -- the first sign investors are saying, "we're mad as hell, and we're not going to take it anymore." >> the impatience and frustration is clearly getting there. >> reporter: wall street has a way of voicing its displeasure, and it's downright ugly. remember september 2008 when congress failed to pass a bank bailout? stocks cratered, nearly 780 points that day. >> 3.5 million -- >> reporter: we are not there yet, but there are other unnerving signs -- call it a canary in a goldmine. gold prices are sky-r
and one big message was delivered today. the markets, the dow dropped almost 100 points, as worried investors pulled out. they're watching that clock, you see, right there, ticking down to the august 2nd deadline for a debt deal. and in another scramble for safety, people are rushing to invest in gold. prices up as never seen before. here's abc's john berman. >> reporter: the partisanship, politicking and lack of progress in washington might already be taking a toll on your personal bank...
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305
Jul 27, 2011
07/11
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KGO
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so, the big remaining question? should the president be forced to commit to still more cuts before the presidential election? we gathered our powerhouse political team, abc's george stephanopoulos here in new york, jon karl and jake tapper in washington. and all three told me, they have never seen anything like this before. >> reporter: with just about a week to go, none of f e leaders, none of them, not the president, not the speaker of the house, not the democratic leader of the senate, know how this is going to turn out. right now, there are no votes to pass anything. >> so, you are saying that the white house has no idea -- >> reporter: how this is going to play out? >> no idea. >> reporter: no solid idea. absolutely not. >> they have a plan? >> reporter: none at all. like this in 20 years in this town where nobody knows how it's going to end. >> republicans get to have their fight next year, in any case, right? it's an election year. we can fight about taxes in this country during an election year. why make the
so, the big remaining question? should the president be forced to commit to still more cuts before the presidential election? we gathered our powerhouse political team, abc's george stephanopoulos here in new york, jon karl and jake tapper in washington. and all three told me, they have never seen anything like this before. >> reporter: with just about a week to go, none of f e leaders, none of them, not the president, not the speaker of the house, not the democratic leader of the senate,...